The HS Code 99151240 refers to a specific category of goods known as NI or SV goods. These goods fall under the subheadings 1202.20.80, 2008.11.35, or 2008.11.60, and they are subject to certain limits outlined in Note 12(a) or 12(b).
When importing or exporting goods, it is essential to classify them correctly using the appropriate HS code. The Harmonized System (HS) is an international standard for classifying traded products. Each HS code corresponds to a specific type of product, allowing for standardized documentation and customs procedures.
NI or SV goods are those that fall under the mentioned subheadings and exceed the limits set in Note 12(a) or 12(b). These limits may vary depending on the country and the specific trade agreement in place.
Every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This principle is known as the Most Favored Nation (MFN) treatment. It ensures that countries treat their trading partners equally, promoting fair and non-discriminatory trade practices.
The bound duty rate for HS Code 99151240 is not explicitly mentioned in the provided data. However, it is important to note that the bound duty rate is the maximum tariff rate a country can apply to a specific product. It acts as a ceiling, ensuring that tariffs do not exceed a certain level.
According to the provided data, the quantity unit for HS Code 99151240 is not available (NA). This means that the specific unit of measurement for these goods is not specified or provided. It is crucial to have accurate quantity measurements when importing or exporting goods to ensure proper documentation and pricing.
HS Code 99151240 is eligible for a special tariff preference program known as the Dominican Republic-Central American Plus Rate (DR-CAFTA Plus). The applied tariff rate under this program is 131.8%.
Special tariff preference programs are trade agreements or arrangements between countries that aim to promote economic cooperation and development. These programs provide preferential treatment, such as reduced or eliminated tariffs, for specific goods traded between the participating countries.
The specific states involved in the import and export of HS Code 99151240 are not provided in the given data. However, it is essential to consider the states involved in trade activities as they play a significant role in the overall trade dynamics of a country.
The United States has a vast network of import and export activities, with different states specializing in various industries and products. Understanding the importing and exporting states can provide valuable insights into the regional trade patterns and economic dynamics of the country.
HS Code 99151240 refers to NI or SV goods falling under subheadings 1202.20.80, 2008.11.35, or 2008.11.60 over Note 12(a) or 12(b) limits. It is essential to classify goods correctly using the appropriate HS code to ensure proper documentation and compliance with trade regulations. The bound duty rate, quantity unit, special tariff preference programs, and the involved states are crucial factors to consider when dealing with this HS code.